GCJ13 – April Gold (Last:1559.10)

Following Wednesday’s nasty selloff, the futures were not getting much loft on the rebound.  Now, rather than splitting hairs with a Hidden Pivot target drawn from the lesser charts, we should probably accept the likelihood that a test of May’s key low at 1538.70 awaits.  Whether it holds or not, it will be a great place to look for an uptrending abc pattern with which to leverage a speculative ‘camo’ long.  Camouflage trading is perfectly suited to this task, and so, amidst whatever fear, panic and confusion is generated when the futures flirt with the low, we should look for our opportunity in bullish impulse legs on the lesser charts.